New Delhi: Amid falling local demand from local jewellers and a weak global trend, gold prices on Friday fell by Rs. 90 to Rs. 31,950 per 10 gram at the bullion market in New Delhi. This comes after the precious metal had gained Rs. 90 per gram on Thursday.
In the national capital Delhi, Gold of 99.9% and 99.5% purity declined by Rs. 90 each to Rs. 31,950 and Rs. 31,800 per 10 gram respectively.
Following suit, Silver too declined by Rs. 200 to 237,800 per kg due to fall in demand by industrial units and coin makers. Traders opined that falling demand of the yellow metal from local jewellers weighed heavily on gold prices.
However, silver coins remained unaltered at Rs. 73,000 for buying and Rs. 74,000 for selling of 100 pieces.
Globally, the price of gold fell by 0.29% to 51,224.20 an ounce and silver by 1.28% to $14.38 an ounce in Singapore bullion market.
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Kalinga AI